Honestly, contract trading for retail investors is a double-edged sword — you can make money very quickly, but you can lose even faster.

I've seen cases where someone used over $1,000 as capital and eventually withdrew hundreds of thousands. But this is not just luck; it's based on principles and rules developed through years of exploration.

My approach at the time was quite aggressive: dividing $1,500 into three parts, using only $500 per trade with 100x leverage. If I guessed right on a move, I could double my money; if I guessed wrong, that $500 was just tuition. Surviving in such high-risk operations depends on strict discipline.

**Stop-loss must be decisive; never hold on stubbornly**

I suffered two margin calls early on. Later, I set a strict rule: once the stop-loss price hits, close the position immediately — no more hopes for a rebound. Accepting losses and exiting is much more reliable than betting on a rebound.

**After five consecutive losses, stop trading**

When the market is unclear, forcing trades is just giving money to the exchange. I installed a "circuit breaker": if I lose five trades in a row, I turn off the software and step away from the screen. Calmly resting for a night often makes the next day's trend clearer.

**Take profits when you’ve made enough**

The numbers in your account are just paper wealth. My habit is to withdraw half of the profit once I make $6,000, and only consider it a real win when it hits my wallet. Floating profits can easily lead to losing composure; taking profits early helps maintain rationality.

**Trade with the trend, avoid choppy markets**

In a strong uptrend or downtrend, 100x leverage is an accelerator. But in sideways or choppy markets, it becomes a meat grinder. When the direction is unclear, staying out and waiting is always better than reckless trading.

**Control your position size strictly; never go all-in**

Only risk $500 per trade, keeping overall position below 10% of your total capital. A small position helps keep a cool head, and even if you lose, it won’t cause serious damage.

Contract trading is never a quick path to wealth; it’s more like a long-term competition that tests both physical and mental endurance. There are many opportunities in the crypto space, but even more traps. Only by truly embedding these principles into your mind can you have a chance to endure until the day you can safely exit.